Elevator and Escalator Market in the GCC 2018-2022 - Key Vendors are Fujitec, Hitachi, Hyundai Elevator, Kone, Mitsubishi Electric, and Schindler - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 11, 2019--The “Elevator and Escalator Market in the GCC 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
The elevator and escalator market in the GCC will register a CAGR of more than 4% by 2022.
Elevators that go sideways as well as up and down are expected to drive growth in the market. The design of an elevator is a major consideration during its construction, as cable systems take more space in tall buildings. However, elevators that can move sideways can help improve efficiency and facilitate the construction of taller buildings. These rope-less elevators can move side-to-side as well as up and down.
Increasing government spending on construction sector
Governments started undertaking various initiatives to stimulate the construction sector and encourage the private sector to play a key role in the process. Governments in the region started focusing on diversification to the non-oil sectors such as tourism, aviation, shipping, logistics, and infrastructure.
Volatility in raw material prices
Raw materials required for elevators and escalators include steel stock, wire rope, and stainless steel. These materials are used to manufacture different components of elevators and escalators. However, the cost of these materials has been fluctuating due to gap in the demand and supply.
The market appears to be fragmented and with the presence of several companies including Mitsubishi Electric, and Schindler, the competitive environment is quite intense. Factors such as the increasing government spending on construction sector and the elevators that go sideways as well as up and down, will provide considerable growth opportunities to elevator and escalator manufactures.
Fujitec, Hitachi, Hyundai Elevator, KONE, Mitsubishi Electric, and Schindler are some of the major companies covered in this report.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 05: MARKET SIZINGMarket sizing 2017 Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSISBargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition
PART 07: MARKET SEGMENTATION BY PRODUCTComparison by product Elevator Escalator Market opportunity by product
PART 08: CUSTOMER LANDSCAPE
PART 09: MARKET SEGMENTATION BY END-USER
PART 10: REGIONAL LANDSCAPECountry comparison Market opportunity
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDSElevators that go sideways as well as up and down Developments in elevator and escalator technology Merging cognitive analytics with elevator and escalator technology
PART 14: VENDOR LANDSCAPELandscape disruption Competitive landscape
PART 15: VENDOR ANALYSISVendors covered Vendor classification Market positioning of vendors Fujitec Hitachi Hyundai Elevator KONE Mitsubishi Electric Schindler
For more information about this report visit https://www.researchandmarkets.com/research/w867tx/elevator_and?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20190111005114/en/
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Related Topics:Elevators and Escalators
INDUSTRY KEYWORD: BUILDING SYSTEMS CONSTRUCTION & PROPERTY
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 01/11/2019 05:28 AM/DISC: 01/11/2019 05:27 AM